Zero-8-Teen Annual Re ort and Audited Financial Statements For the Financial Year Ended 31 March 2023 Charity Number: NIC 100211 Zero-8-Teen Annual Re ort and Audited Financial Statements For the Financial Year Ended 31 March 2023 Contents Pa Trustees and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Auditor's Report Statement of Financial Activities 10 Balance Sheet Notes to Financial Statements 12-16 Supplementary Inforn]ation relating to the Financial Statements 17-18 Charity Iyumber: IYIC 100211 Zero-8-Teen Trustees and other Inforniation Trustees Jill Neill Sinead Morrow Grainne Mcconville Michelle Mccrink Ann McKernan Annette May Mandy Rodgers Agniezka Judiewicz-Kozak Sarah Ruddy Charity Number in Northern Ireland NIC 100211 Principal Address Moylinn House 21 Legahory Centre Brownlow Craigavon Co Armagh BT65 5BE Auditors Flynn & Company Accountants Limited Chartered Accountants & Registered Auditors 28 Carleton Street Portadown Co Armagh BT62 3EP Bankers Co-operative Bank Po Box 250 Delf House Southway Skelmerdale WN8 6WT Solicitors P Mcmahon Solicitor 74 Edward Street Lurgan Co Armagh BT66 6DB Charity Number: NIC 100211 Zero-8-Teen Trustees, Re ort For the Financial Year Ended 31 March 2023 The trustees present their Trustees, Report and the audited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance witli the Charities (Protection and Social Investment) Act 2016. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees Report contains the infomiation required to be provided in the Trustees, Annual Report under the Statement of Recommendation Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the trustecs of Zero-8-Teen present summary of its purpose, gov¢rnan¢e, activities, achievements and finances for tlie financial year ended 31 March 2023. The charity is a registered charity and hence the report and results are presented in a forn] which complies with the requirements of the Charities Act (Northern Ireland) 2008, The Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the Charities SORP (FRS 102). The persons who served the charity as Trustees during the year were as follows: Jill Neill Sinead Morrow Grainne Mcconville Michelle Mccrink Ann McKernan Annette May Mandy Rodgers Agniezka Judiewicz-Kozak Sarah Ruddy Review of Activities. Achievements and Performance Since its conception, Zero-8-Teen has made a significant contribution to improving the lives of children an(1 young people. This is evidenced through projects and services that were established oli a small scale. However, with experience and learning, monitoring and evaluation processes, we have further developed many areas of our work. Financial Review The results for the financial year are set out on page l O and additional notes are provided showing income and expenditure in greater detail. Results and Dividends The charity has reported a surplus of income over expenditure for the year of £36,575 (2022: £75,303). At the end of the financial year the charity has assets of £305,028 (2022: £267,879) and liabilities of £13,548 (2022: £12,974). The net assets of the charity have increased by £36,575 to £291,480 (2022: £254,905). Charity Number: NIC 100211 Zero-8-Teen Trustees. Re ort For the FinAaeial Year Ended 31 March 2023 Trustees, Report Cont'd..... Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector and subscribes to and is compliant with the followlng: The Charities SORP (FRS 102) Approved by the Board ofTrustees on 10 October2023 and sigped on its behalf by: Trustee Charity Number: NIC 100211 Zero-8-Teen Statement of Trustees. Res onsibilities For tbe Finaneial Year Ended 31 Mareh 2023 The trustees are responsible for preparitkg the financial statements in accordance witli applicable law and regulations. The laiv applicable to charities in Northern Ireland requires the trustees to pTrpare financial statements for eaeh financial year which gives a true and fair view of the assets. liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northem Ireland) 2008. In preparing financial statements, the trustees are require to: Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable ardd prudenl State whether the fjnancial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the eff¢¢t and the reasons for any mat¢rial departure from those standards" and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees ¢onfinn they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 10 October 2023 and signed on Its behalf by: INei stee Charity Number: NIC 100211 Zero-8-Teen Inde endent Auditor's Re ort To the Members of Zero-&Teen Report on the audit of the Financial Statements Opinion We have audited the charity financial statements of Zero-8-Teen ('%he charity") for the financial year ended 31 March 2023 which comprise the Statements of Financial Activities, the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with fair presentation framework the financial statements: give a true and fair view of tlie state of the Cliarity's affairs as at 31 March 2023, and of its surplus for the financial year then ended. have becn properly prepared in accordance with Unit¢d Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conduct our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of the report. We are independent of thc charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordancc with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect to the following matters in relation to which ISA'S (UK) require us to report to you where" the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate. or the trustees, have not disclosed in he financial statcments any identified material uncertainties that may cost significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least 12 months from the date whcn the financial statements are authorised for issue. Other Information The other infomiation comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our repo¢ we do not express any forni of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statement themselves. Charity Number: NIC 100211 Zero-8-Teen Inde endent Auditor's Re ort To the Members of Zero-8-Teen Inde endentAuditor's Re ort Cont'd If based on the work we have performed, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matter where Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion.. adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting rccords and returns" or certain disclosures of trustees, renumeration specified by law are not made; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, responsibilities set out on page 6, thc trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, Tnatters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charlty or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of financial statements Our objectives are to obtain reasonablc assurance about whether the financial statements as a whole are free from matcrial misstatements, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but, is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, indivldually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, includlng fraud. The extent of which our procedures are capable of detecting irregularities, including fraud is detailed below. Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of financial statements, whether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufiricient and is higher th